Raspberry Pi鈥檚 CEO says he is 鈥榩roud鈥� after the company reported EBITDA of around 拢29m for the 12 months to 31st December 2024.
The Cambridge firm – behind low-cost miniature computers used extensively in education – floated in London in June 2024 at a valuation of 拢542 million.
Its first annual results since the IPO will be revealed in full in April.
Cash at the year end was around 拢36m after strategic purchases of components and continued investment in its product roadmap.
The business launched more than 20 new products in 2024, including the Pico 2 and Compute Module 5 in the second half of the year.
Raspberry Pi says it expects to realise the full benefit of these launches in 2025.聽
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“We are proud of the group’s performance in our first year as a PLC, achieving significant milestones, including listing the company on the London Stock Exchange, our inclusion in the FTSE 250 index, and the successful launch of key products, against a backdrop of challenging end-market demand,鈥� said Eben Upton, CEO.
鈥淲e have worked hard to launch a variety of accessory products aimed at our education and enthusiast customers and are pleased with the progress we are making in the industrial and embedded market.聽
鈥淲ith an exciting product roadmap and ongoing initiatives to strengthen our market position, we look to the future with confidence and are excited about the opportunities that lie ahead.鈥�